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Workers’ Remittances »
Source: Workers' Remittances : An Overlooked Channel of International Business Cycle Transmission?
Volume/Issue: 2012/251
Series: IMF Working Papers
Author(s): Adolfo Barajas , Ralph Chami , Christian Ebeke , and Sampawende Tapsoba
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 19 October 2012
ISBN: 9781475535822
Keywords: Business Cycle Synchronization, remittance, business cycle, remittance flows, Financial Aspects of Economic Integration, Open Economy Macroeconomics,
This paper shows that remittance flows significantly increase the business cycle synchronization between remittance-recipient countries and the rest of the world. Using both aggregate and bilateral remittances data...
Remittances and Macroeconomic Volatility in African Countries »
Source: Remittances and Macroeconomic Volatility in African Countries
Volume/Issue: 2015/49
Series: IMF Working Papers
Author(s): Ahmat Jidoud
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 02 March 2015
ISBN: 9781498300940
Keywords: Macroeconomic Volatility, African Economies, Financial Frictions, consumption, business cycle, economies, supply, Bayesian Analysis, Model Construction and Estimation, Financial Frictions.,
This paper investigates the channels through which remittances affect macroeconomic volatility in African countries using a dynamic stochastic general equilibrium (DSGE) model augmented with financial frictions. Em...
Do the Gulf Oil-Producing Countries Influence Regional Growth? The Impact of Financial and Remittance Flows »
Source: Do the Gulf Oil-Producing Countries Influence Regional Growth? The Impact of Financial and Remittance Flows
Volume/Issue: 2008/167
Series: IMF Working Papers
Author(s): Nadeem Ilahi , and Riham Shendy
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 July 2008
ISBN: 9781451870251
Keywords: Business cycle, growth linkages, North, South, GCC, regional linkage, decoupling, divergence, convergence, remittance
This paper tests the association between the Gulf Cooperation Council (GCC) countries' financial and remittance outflows and regional growth in the Middle East. The findings, based on 35-year panel data, indicate t...
Remittances Channel and Fiscal Impact in the Middle East, North Africa, and Central Asia »
Source: Remittances Channel and Fiscal Impact in the Middle East, North Africa, and Central Asia
Volume/Issue: 2012/104
Series: IMF Working Papers
Author(s): Yasser Abdih , Ralph Chami , Christian Ebeke , and Adolfo Barajas
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 April 2012
ISBN: 9781475502947
Keywords: Instrumental variables, Panel data, remittance, tax revenue, fiscal impact, Macroeconomics: Consumption, Saving, Production, Employment, and Investment: General (includes Measurement and Data)
This paper identifies a remittances channel that transmits exogenous shocks, such as business cycles in remittance-sending countries, to the public finances of remittance-receiving countries. Using panel data for r...
FDI Flows to Low-Income Countries »
Source: FDI Flows to Low-Income Countries : Global Drivers and Growth Implications
Volume/Issue: 2010/132
Series: IMF Working Papers
Author(s): International Monetary Fund
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2010
ISBN: 9781455201150
Keywords: FDI, Business Cycle, Low-income Countries, host country, direct investment, bilateral trade, foreign direct investment, International Policy Coordination and Transmission, Economic Growth of Open Economies, International Factor Movements And International Business,
What accounts for variations in FDI flows from advanced to developing countries? How have FDI inflows explained cross-country growth experiences? In this paper we tackle both these questions empirically for a large...
The Volatility of Capital Flows in Emerging Markets »
Source: The Volatility of Capital Flows in Emerging Markets : Measures and Determinants
Volume/Issue: 2017/41
Series: IMF Working Papers
Author(s): Maria Sole Pagliari , and Swarnali Ahmed Hannan
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 07 March 2017
ISBN: 9781475585254
Keywords: Financial integration, Volatility Estimation, International Flows, Financial, Estimation, Models with Panel Data, Financial Econometrics, Financial Aspects of Economic Integration, International Business Cycles
Capital flow volatility is a concern for macroeconomic and financial stability. Nonetheless, literature is scarce in this topic. Our paper sheds light on this issue in two dimensions. First, using quarterly data fo...
Smooth Operator: Remittances and Fiscal Shocks »
Source: Smooth Operator: Remittances and Fiscal Shocks
Volume/Issue: 2017/165
Series: IMF Working Papers
Author(s): Kimberly Beaton , Serhan Cevik , and Reza Yousefi
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 19 July 2017
ISBN: 9781484307878
Keywords: Remittances, Remittances, Consumption smoothing, fiscal shocks, social spendin, Kimberly Beaton, Serhan Cevik and Seyed Reza Yousefi, Financial Aspects of Economic Integration, International Business Cycles, Household
With 250 million migrants globally, remittances are one of the major sources of income in many developing countries. While there is abundant evidence that remittances facilitate consumption smoothing in receving co...
Remittances and Vulnerability in Developing Countries1 »
Source: Remittances and Vulnerability in Developing Countries
Volume/Issue: 2014/13
Series: IMF Working Papers
Author(s): Giulia Bettin , Andrea Presbitero , and Nicola Spatafora
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 27 January 2014
ISBN: 9781484385081
Keywords: Shocks, Business cycle, Vulnerability, Gravity model, remittance, migrant, bilateral remittances, official remittances, International Monetary Arrangements and Institutions, International Lending and Debt Problems
This paper examines how international remittances are affected by structural characteristics, macroeconomic conditions, and adverse shocks in both source and recipient economies. We exploit a novel, rich panel data...
How Russia Affects the Neighborhood - Trade, Financial, and Remittance Channels »
Source: How Russia Affects the Neighborhood - Trade, Financial, and Remittance Channels
Volume/Issue: 2009/277
Series: IMF Working Papers
Author(s): Jaime Espinosa-Bowen , Nadeem Ilahi , and Fahad Alturki
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 December 2009
ISBN: 9781451874228
Keywords: business cycle, growth linkages, Russia, Commonwealth of Independent States (CIS), regional linkages, decoupling, divergence, convergence, and trade, gdp growth
We test the extent to which growth in the 11 CIS countries (excluding Russia) was associated with developments in Russia, overall, as well as through the trade, financial and remittance channels over the last decad...
Current Account Deficits in Rich Countries »
Source: IMF Staff Papers, Volume 54, No. 2
Volume: 54
Series: IMF Staff Papers
Author(s): International Monetary Fund. Research Dept.
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 26 September 2007
ISBN: 9781589066502
Keywords: current account, current account deficit, current account deficits, current account surplus, current account surpluses, Benchmarking (finance), Bond Market, Business Cycles. Econometric Models, Consumption (economics), Default (finance)
Vol. 54, No. 2 includes three notable contributions from the Seventh Jacques Polak Annual Research Conference (ARC) hosted by the IMF in November 2006. Its lead paper, by Olivier Blanchard of Harvard University, is...